The Nealy Company has prepared the following alphabetical adjusted trial balance on December 31, 2010:

Required
Prepare the following 2010 items in proper form for the Nealy Company:
(1) The income statement,
(2) The retained earnings statement,
(3) The ending balance sheet, and
(4) The closing entries in the general journal.

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Debit Credit Accounts payable Accounts receivable Accumulated depreciation: buildings Accumulated depreciation: equipment Additional paid-in capital Administrative Allowance for doubtful accounts Buildings Capital stock, $1 par (4,000 shares) 6,400 5,700 19,000 11,000 15,000 expenses 6,500 42,000 4,000 5,000 27,400 Cost of goods sold nt income taxes payable 4,035 Dividends distributed Equipment Income tax Interest expense Interest payable (due July 1, 2011) Inventory Land Notes payable (due July 1, 2014) Rent revenue Retained earnings, January 1, 2010 Sales returns Sales revenue Selling expenses Unearned rent Unexpired insurance Wages payable 2,400 22,000 4,035 expense 650 10,800 6,800 10,000 2,800 14,500 4,900 59,800 9,700 700 1,600 1,000 $149.485 S149.485